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Trading statement for the six months ended 30 November 2017
Blue Label Telecoms Limited
(Incorporated in the Republic of South Africa)
(Registration number 2006/022679/06)
Share code: BLU ISIN: ZAE000109088
(“Blue Label” or “the Group”)
Trading statement for the six months ended 30 November 2017
In terms of paragraph 3.4(b) of the Listings Requirements of the JSE Limited, a company listed on the
JSE is required to publish a trading statement as soon as it is satisfied that a reasonable degree of
certainty exists that the financial results for the period to be reported upon next will differ by at
least 20% from the financial results for the previous corresponding period.
Shareholders are advised that the basic, headline and core headline earnings per share for the six
months ended 30 November 2017 are expected to increase by more than 20% as against the six
months ended 30 November 2016. The table below illustrates the ranges anticipated against the
comparative period:
Earnings per share Earnings per share
Reported Range Cents Increase to Percentage
Nov 2016 Nov 2017 Nov 2017 Increase
Earnings per share 81.78c 159.25c - 175.61c 77.47c - 93.83c 95% - 115%
Headline earnings per share 81.78c 158.51c - 174.86c 76.73c - 93.08c 94% - 114%
Core headline earnings per share 82.86c 160.13c - 176.71c 77.27c - 93.85c 93% - 113%
A reasonable degree of certainty exists that core headline earnings per share for the six months
ended 30 November 2017 are expected to increase to between 160.13 and 176.71 cents per share,
equating to a growth of between 93% and 113% on the comparative period.
The increase in basic, headline and core headline earnings per share is inclusive of the Group’s share
of an increase in a deferred tax asset recognised by Cell C and the consequent positive impact
thereon on Group earnings. The quantum of the increase in this asset amounts to R1.92 billion, of
which the group’s 45% share is R865 million.
Conversely, in the comparative period, the investments in Oxigen Services India, Oxigen Online
Services India and 2DFine Holdings Mauritius were accounted for as investments in associates and
joint venture, applying the equity method up until 30 November 2016. From that date onwards
these entities have been accounted for as venture capital investments at fair value. The net effect
thereof, resulted in a positive contribution to Group earnings of R135 million in the comparative
period and in turn a negative impact on earnings in the current period in this regard.
The financial information on which this trading statement is based has not been reviewed or audited
by the Group’s auditors.
The interim results are scheduled for release on Thursday, 22 February 2018.
Sandton
15 February 2018
Sponsor: Investec Bank Limited
Date: 15/02/2018 12:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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